Using an Investor Relations role for IB Internship next year?
Hey guys,
So I'll try to avoid making this TLDR. Currently a sophomore. Didn't manage to find anything in "Investment" fields (Mutual Funds, Boutiques etc). I have this potential opportunity at a relatively big multinational in the Investor Relations department as a summer analyst. During my first round, they mentionned how they recently got a new VP IR and are switching to a more quantitative/data-oriented approach.
Essentially, I'm curious to know how (if) I can leverage/frame this experience to make it relevant for an IBD internship next summer. Are IRs normally looked down upon? Or is the whole "communicating/presenting" side something that could be an interesting experience to have on a resume?
Thanks
What is your next best alternative for SA?
If your choice is this SA role vs flipping burgers, take the IR internship.
If you have other choices, you need to tell us what those are so we can help you choose the best.
As of now, no other availabilities at all. I messaged one former neighbor who works for the Investment Management branch of an insurance company as a Portfolio manager. He said he would try to help upon initial reach, but still has not answered to my email after the initial reply.
Other option currently on the table is to go back to Asia where my fathers side of the family own a company has a publicly traded company. I could get a job there in the Treasury department, but my feeling is that it will be less structured than staying in North America with actual internship programs.
@trader_timmy -- An IR role at a BB would be ideal. My main issue is that this is with a publicly traded company which is unrelated to financial services (Think Transportation, such as Boeing and those type of companies). The team is small (~4 people), so I would get very close to every member, which would be great, especially considering the new IR VP spent 9 years at interesting investment banks. So that could also be a great contact to have, provided I get the job and prove to be a good worker.
I would look at it from the perspective of what you could learn. You'd be fielding (or at least sitting in on) calls from an array of sophisticated investors, each prodding for different bits of information about the company. If you can collect enough interesting data points throughout the summer, I think you could have a very compelling story that could be applied to investment banks, hedge funds, PE - really any sort of high finance role. For example, for an ib interview, you learned how to present information to investors in a concise manner that generated interest in your company, which is a huge part of sell-side M&A work.
As someone who picks resumes based on how interested I am in talking with that individual for 30 minutes, I can definitely confirm a summer in IR will get you looks. I wouldn't take it over direct IB experience, but this is still a solid sophomore summer gig.
Very interesting opportunity, if I were in your shoes I would take that over most non-IB roles. Have a friend who summered in IR for one of the top US BB's and was on a first name basis with the CFO by the end of the summer.
Probably more useful in UK where you have potential overlap with corporate broking that sits within UK coverage teams?
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